Insider Selling: Amprius Technologies (NYSE:AMPX) Director Sells $642,124.34 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 62,101 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $642,124.34. Following the transaction, the director directly owned 1,218,397 shares in the company, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kang Sun also recently made the following trade(s):

• On Wednesday, May 27th, Kang Sun sold 356 shares of Amprius Technologies stock. The stock was sold at an average price of $17.19, for a total value of $6,119.64.

Amprius Technologies Price Performance

Shares of NYSE AMPX opened at $10.54 on Friday. The company has a 50-day moving average price of $11.41 and a 200-day moving average price of $14.84. The stock has a market capitalization of $1.49 billion, a P/E ratio of -36.36 and a beta of 2.33. Amprius Technologies, Inc. has a 1 year low of $6.66 and a 1 year high of $24.23.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JonesTrading began coverage on Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a report on Friday, July 17th. Zacks Research upgraded Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Roth Capital reaffirmed a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.00.

Institutional Trading of Amprius Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Voloridge Investment Management LLC bought a new stake in Amprius Technologies during the third quarter worth $19,737,000. California State Teachers Retirement System grew its stake in Amprius Technologies by 1,124.4% in the 2nd quarter. California State Teachers Retirement System now owns 1,957,919 shares of the company’s stock valued at $27,137,000 after purchasing an additional 1,798,016 shares during the period. BNP Paribas Financial Markets increased its position in shares of Amprius Technologies by 1,117.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after purchasing an additional 1,784,291 shares during the last quarter. Norges Bank purchased a new stake in shares of Amprius Technologies during the 4th quarter valued at $10,295,000. Finally, Invesco Ltd. raised its stake in shares of Amprius Technologies by 113.3% during the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after purchasing an additional 1,263,846 shares during the period. 5.04% of the stock is owned by hedge funds and other institutional investors.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.